PARIS — Louis Vuitton North America is about to welcome a new president.
Jean-Marc Gallot, who has held that post since October 2003, is heading to Europe to become Vuitton's European president. A Vuitton spokeswoman here confirmed the move, but noted Gallot would not go to Paris until his successor in North America had been named. "This person has not yet been recruited," she added.
The management shuffle was precipitated earlier this month when Serge Brunschwig, Vuitton's managing director, was appointed chief executive officer at Celine, another fashion and leather goods house owned by luxury giant LVMH Moët Hennessy Louis Vuitton. Brunschwig was succeeded by Philippe Schaus, who was promoted from Vuitton's European president to international director. Gallot succeeds Schaus.
North America is a key market for LVMH. Last year, 22 percent of its sales in fashion and leather goods were generated in the U.S., compared with 30 percent in Japan, 18 percent in the rest of Asia, 17 percent in Europe, excluding France, and 9 percent in France.
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